Means foe carrying- out systems for



PIURA@ Jan; 27, 1920.

1. B. BI'SSINGER, 1R.

MEANS FOR CARRYING OUT SYSTEMS FOR SAVINGS ACCOUNTS.

APPLICATION FILED JULY 3. I9I9.

JOHN B. BISSINGEBJ, JR., OF LANCATEB, PENNSYLV MEANS FOR CARRYING OUT SYSTEMS FOR SAVINGS-ACCOUNTS.

Specification of Letters Patent.

Patented Jan. 27, 1920.

Application led July 3, 1919. Serial No. 308,346.

To all whom it may concern:

Be it known that I, Joan B. BissiNGnR, 5r., citizen of the United States, residing at Lancaster, in the county of Lancaster and State of Pennsylvania, have invented certain new and useful improvements in Means for Carrying Out Systems for Savings-Accounts, of which the following is a specification.

The invention relates to means for carrying out systems of savings accounts.

The object of the present invention is to simplify and improve the means employed for carrying out systems for savings accounts, and to provide inexpensive, practical and eiiicient means embodying only a check form and a pass book form and adapted to dispense with the ledger form, signature card, check, proof sheet and addressed envelop required by various systems of savings accounts.

A further object of the invention is to provide means of this character adapted to save time in handling business and capable of enabling a maximum number of depositors to be properly taken care of with a minimum elfort and in a minimum amount of time.

Another object of the invention is to provide nrcans for carrying out systems for savings which will .not only reduce all the various operations heretofore required to tivo operations but which will be complete and by its particular ruling` permit of meeting many contingencies which are likely to arise in a days Work.

With these and other objects in view the invention consists in the novel features and arrangement hereinafter fully described, illustrated in the accompanying drawings and pointed out in the claims hereto appended, it beingr understood that various changes in the form, proportion and arrangement, Within the scope of the claims, may be resorted to Without departing from the spirit or sacrificing any of the advantages of the invention.

'in the drawvingrn Figure l, is an elevation of the check formv 1 Fig. 2 is a similar View of the pass book form.

Fig. 3 is a detail view of the end portions of the check form when the latter is folded to arrange the endorsement for comparison With the signature of the depositor.

Fig. l .is an elevation of the pass book form showing the same folded.

in the accompanying drawing in Which is illustrated the preferred embodiment of the invention, and in Which like numerals of reference designate corresponding parts, the means for carrying out systems for savings accounts, comprises a check form 1 and a pass book form 2 of a size and shape similar to and corresponding With the check form to enable one form to be arranged over the other with the columns and spaces, hereinafter described, in register in order that the forms may be simultaneously punched 'as hereinafter fully explained. The original or check form which is retained by the bank until the Weekly or other period payments are completed is an oblong rectangle and comprises the body 3 of a check and a series of columns 4t, 5, 6, 7 and 8 extending longitudinally of the check -form above the body of the cheek when the latter is held in a horizontal position. The check form is of a length greater than the body of the check and the columns extend from one end, the left hand end of the body of the check, to a point beyond the right hand end of the same, and at the right hand end of thecheck is a series of reversely arranged similar columns 9, 10, l1, 19, and 13, this arrangement locating the columns 8 and 9 at the marginal edges of the check form to facilitate punching of the 'latter'. as hereinafter fully eX- plained At the left hand end of the check form is a transverse space lbearing the class and number of the cheek form and at the opposite end of the check form is a similar space l5 having a line 16 adapted to receive the signature of the depositor arranged in an inverted position when the check form is held with the space la at the top to enable the depcsitors signature in the `space 15 to be readily compared With an endorsement Signanin, which is designed, to

be placed in the space 17 in the usual position at the back of the (heck form, a line 18 beine' provided to receive the endorsement. his will enable the indorsement signature to be readily compared with the depositors signature in the space 15 by turn- 1ng up the end of the indorsement blank as illustrated in Fig. 3 of the drawing.

The body of the check is designed to bear the name of the institution in which the deposits are made, the name of the place and the date when the deposits are completed, together with the amount of the deposits and the accrued interest. Also, the body of the check is provided at the lower left hand portion with line spaces 19 to receive the name and address of the depositor and the name and address which are written in when the cheek form is made out are in convenient osition to enable the cheek Yform to be place in an envelop having the ordinary transparent portion, so that addressing of the envelop will be eliminated. At the lower right hand portion of the body of the check is a space 20 arranged to receive the signature of the treasurer of the institution and after the check form has been made out. it is complete with the exception of the signature of the treasurer which is applied to the chek form after all of the deposits have been made.

In the forms illustrated in the drawings, the deposits or payments are weekly payments and the column 4, to the left of the series, or the first column from the body of the check, shows the number of weeks in each month in which payments are to be made; and the second column contains the names of the months in order. The third column contains consecutive numbers indi eating the number of weeks payments are to be made. The payments may be made 'from a period of any number of weeks, the longitudinal columns at the upper side of the check being ruled for forty weeks and the columns at the right hand end 0f the body of the check being ruled for ten weeks, making a total of fifty weeks. The weeks not neces sary can easily be omitted, as for instance. if afund is to run for forty weeks, the small block of columns in the lower left hand corner of the check form need not be printed. rThe fourth column 7 contains the total amount of the various payn'ients and the fifth and last column 8 contains the amounts of the weekly payments.

The original or check form is designed to be printed onpaper of a different color and lighter in Weight than the duplicate or pass book form and it will be noted that when once the bank clerk inserts the name ot' the depositor and the depositor in turn atlixes his or her signature to the end ot the check on the dotted line 16. it is completo bit for the signature of the oicer, since the amount is already printed on the form and it will only be necessary at the completion oi the payments Yfor the bank oflicial to sign the check and hand the saine to the depositor, (hereby obviating the expense of postage. The cheek form cannot be used until the fund closes, as the date of the losing of the fund is printed on the form. 1n short, the check form is complete in every respect and the only time it would be necessary to make a`change would be when a depositor fails to complete the payments. 1n this case, it is a small matter to ill up a blank check for the required amount, and experience teaches vthat a larger number of depositors complete their payments. It is therefore an easy matter to adjust the at counts and fill up checks for the few remaining depositors who do not complete the payments.

The space 21 of the pass book form 2 corresponds in size with the space occupied by the body 3 of the check form and the pass hook form is provided at the top of the space 21 with longitudinal columns E22, 23, :21. and 26 corresponding with the columns 4 to 8, inclusive, and at the lower left hand corner of the pass book form are reversely arranged columns 27, 28, 29, 30 and 31 corresponding to the block of columns in the lower left hand corner of the check ilorm. The columns Q6 to 81, inclusive, are lined similar to the columns 8 to 13, inclusive, and it will be seen that the pass book 1form is adapted to be placed upon the heck form and the corresponding spaces will register so that both forms may be euml-ely punched with a single operation and as the spaces to be punched are located at the marginal edges of the forms, they are in convenient position for rapid punching.

The pass book forni is provided at the top with the transverse space 32 for the class andnmnber ofthe pass book form and at the bottom with a space and dotted line 34 for an inverted signature of the depositor, the forni being turned end for end to arrange the said space in an upright position for the depositors signature. The space 21 besides containing the name of the institution is designed to bear statements suggestive et saving or thrift and the pass book form which is designed to be folded across the center' for convenience in carrying has the class and number of the. pass book form and the name of the institution and the savings fund with the statement Please bring this book with you. On the exposed face of the other halt' of the form are printed the rules which may be arranged in the form of an acrostic Save and succeed.

This duplicate or pass book 'i'orii i.; dr signed to be printed on paper of a different color` and heavier weight than the check book form. lt is an exact duplicate oi the check book torni but for the space used for trite tin-ift sayings, which oi course, could serve no purpose on the check form. When it is folded it is in the Ytorno oi an ordinary pass book and on the front the class and number can be seen at a glance, as well as on the inside. There .is ample space for the naine and address of the depositor and the year oi? the opening and closing of the fund.

lVhen a patron applies at the wicket to open an account, the clerk takes the two forms according to their class and number and writes the name and address on both the check and pass book form. The forms are then handed to the depositor fork his or her signature on the dotted lines on both the check and pass book form, the one on the check for identilication and counter-sigman ture purposes, and the one on the pass book simply tor record purposes. The clerk now places the check on top ot' the pass book, holding both i'orms in a vertical position with the class and number at the top and with the thumb on the space provided for the naine and address. By holding the two forms in the left hand, it will be found to be comparatively easy to punch out any number oi weeks or any amount desired. The forms can be manipulated at will without hindrance of any kind, and will prove exceedingly easy of operation.

For example, should the depositor decide to pay all oi December and January, the clerk would sin-iply punch out .06 showing the payments were made up to and including the last week in January a total of .21 the amount to be collected. Any succeeding payments are handled in the same manner and the total to be collected can easily be determined by subtracting the total amount opposite the total payments or punched out amount from the total opposite the last punched out amount. For instance, in the ase ot e depositor paying up to and including the ninth week or the third week in February, .09 would be punched out and the diillcrence betr-:een .Ll-5 the total amount opposite, and .21, the total amount opposite the former payment, .9.4. would be collected. This saine operation is continued until the final payment, when the amount is fully paid.

All that is now necessary to do is to have the proper oflicer sign the check, insert it in an outlook envelop, stamp the envelop and mail the saine. Should it be close to the tiene when the fund is to be paid out, the check could just as well be handed to the dcpositor and therebjv save the postage, for, the check is already dated for the close ot the tunel, and could not be used bei'ore. lit i'or any reason the depositor should :tail to complete .the payments, blank vchecks could be kept on hand and the required amount typewritten on the same. As before stated, experience teaches that the completed accounts will be far in excess of incomplete ones and this slight extra'labor will not therefore work a great hardship. llllhen the check is cashed by bank or merchant, the indorseinent of the same acts as a counter-signature and at the saine time as a means of identification, because the signature of the depositor is aiiixed when the fund is opened. It obviates the necessity of the merchant requiring identification and the bank teller searching through countless numbers of signature cards 'for purpose of comparison as is the usual custom at the present time when a fund is paid out. It greatly eXpedites matters and owing to its easy means of identification, relieves from embarrassment both the depositor and the merchant or banker who may be called upon to cash the check.

In order to compare the signature of the check form with the indorsement it is only necessary to hold the check full to view, and turn it so that one looks at the upper end of the back. Then fold the lower end with the signatures on it backward and upward under the indorsement as indicated in Fig. 3 of the drawing. It is unnecessary to go Jfurther 'or means of identification as the means et comparison are plain and consist of the signature written by the depositor in the presence of the bank clerk when the account was opened and the indorsement being written by the person cashing the check.

lf an account should be opened by one person in another name, the bank clerk will simply retain the pass book and advise that the check be taken along1 for proper signature. The check, it will be remembered, is not signed by the oflicer of the bank and is dated for the completion of the "fund, and could not therefore be used. The pass book being of a different color than the check will be constantly noticeable in the les of the bank in place ot the check and will be a constant reminder that the check should be returned and the pass book given to the depositor. Besides this condition could not eXist very long, because each time a payment is made the clerk would be reminded to call to the attention of the depositor that the check should be properly signed and returned. lf it were possible that the check should never be returned, no harm could befall the bank or anyone else, tor the check cannot be cashed and the pass book could be removed `from the tiles at the close oit the fund and held as Stop payment along with any others of the same nature. rl`here will oi? course be sufficient time between the opening and closing of a fund to 'out the tiles in proper condition.

" @n the check. member between the longitudinal columns and the reversely arranged columns is a space in which is printed the amount of the payments, the interest which has accrued and the total of the payments and the interest. The total is preferably also printed separate and distinctly in the space.

On the back of the pass book form are preferably printed the following rules, arranged in the aforesaid acrostic:

Rules.

Saturday of each week is the last day to make payments.

Arrearages of any number of weeks may be paid only when a like number of advance weekly payments are made.

Variances in Weekly payments other than provided for in foregoing rule Will be dealt with accordingly.

Each week payments are due on Tuesday.

Accounts are not transferable except upon the books of this bank.

No accounts will be transferred, unless personally presented by original owner or depositor.

Demands for withdrawal, before expiration date, for all or any part of amount paid will be refused.

Surrender of this account is absolutely required upon date of last payment.

Unless otherwise instructed, accounts amounting to one dollar or less at expiration date will not be finally adjusted until depositor personally applies for same.

Changes of any kind in accounts other than transfers will be made only upon written notice of depositor.

Care should be taken of this book and it must always be presented when making payments.

Except in cases of death or dire distress will these rules apply.

Every member whose account is fully paid, will be allowed thereon interest at the rate of 3% per annum.

Discontinuance of relations with depositors and demand of forfeiture of this book are rights reserved by this bank for noncompliance with and abuse of these rules.

1. Means for carrying out a system of savings accounts comprising a check form having the body of a check and provided with a column containing the amount of the periodical payments, and a pass book form corresponding in size and shape with the check form and identified with the same and having a column corresponding with the said column of the check form and registering with the same when the two forms are arranged together one over the other, whereby both forms may be simultaneously and accurately punched, said forms being provided with identifying data.

2. Means for carrying out a system of savings accounts comprisin a check form having the body of a chec and provided with a column containing the amount of the periodical payments, and a pass book form corresponding in size `and shape with the check form and identified with the same and having a column corresponding with the said column of the check form and registering with the same when the two forms are arranged together one over the other, whereby both forms may be simultaneously and accurately punched, and the said columns being located at the marginal edges of the forms to facilitate punchin i, said forms being provided with identifying data.

3. Means for carrying out a system of savings accounts comprising a check form having the body of a check and provided with a series of columns including a column having the number of weeks in each month for payments, a column containing the months of the year, a column containing the number of weeks payments are to be made, a column containing the total amount of the various payments, and a column containing the amount of the weekly payments, and a pass book form corresponding in size and shape with the check form and having correspondingly arranged columns registering 95 with the columns of the check form when one form is placed over the other, whereby the amounts of the weekly payments of the two forms may be simultaneously punched, aid forms being provided with identifying 100 ata.

4. Means for carrying out a system of savings accounts comprising a check form having thc body of a check and provided with a series of columns including a column having the number of weeks in each month for payments, a column containing the months of the year, a column containing the total amount of the various payments, and a column containing the amount of the weekl payments, and a pass book form correspond)-7 ing in size and shape with the check form and having correspondingly arranged columns registering with the columns of the check form when one form is placed over the other, whereby the amounts of the weekly payments of the two forms may be simultaneously punched, said columns extending longitudinally of the forms and being located at one side of the check, said check 120 form being also provided beyond one end of the body of the check with a set of columns arranged the reverse of the said columns to locate the column of weekly payments at the marginal edge of the said pass book form 125 having a similar set of reversely arranged columns. said forms being provided with identifying data.

5. Means for carrying out a system of savings accounts comprising a check form hav- 130 ing the body of a check and provided with columns for the Weekly payments, and a pass book form having correspondingly arranged columns to enable the 'two forms to be simultaneously punched When the :forms are arranged together one over the other, said forms being provided at the front at one end with a Space for receiving the signature oi the depostor in an inverted position, and a, check form having an indorsement space at the upper end of the back whereby the check form may be partially folded to arrange the signatures in convenient position for comparison, seid Jorrns be* ing provided with identifying data.

n testimony whereof I aBX my signature.

JOHN B. BISSINGER, JR. 

